Canara Bank vs Dhan – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Dhan here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and Dhan.

Background

Year of Incorporation 1996 2011
Website https://www.canmoney.in/ https://dhan.co/
Phone 1800-22-0369 9987761000
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX BSE, NSE, MCX
Demat (NSDL/CDSL) CDSL and NSDL CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday Rs 0 for Delivery & Rs 20 or 0.03% for Intraday
Equity Futures 0.04% Rs 20 or 0.03% per executed order
Equity Options Rs.50 per Lot Rs 20 per executed order
Currency Futures 0.04% Rs 20 or 0.03% per executed order
Currency Options Rs.50 per Lot Rs 20 per executed order
Commodity Rs.50 per Lot Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Free Free
Commodity Free Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.00325% 0.0019% of Turnover
Options 0.00325% 0.05% of Turnover
Commodities 0.00325% 0.05% of Turnover
AMC charge Rs.500 per Annum Rs 0
DP Transaction Charge Rs 9 + GST Rs 9 + GST
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 7 Days
End of Day 5 Years 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday 1x on Delivery & upto 5x on Intraday
Equity Futures Upto 3X 1x
Equity Options Upto 5X 1x
Currency Futures Upto 2X 1x
Currency Options Upto 2X 1x
Commodity Upto 2X 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Rs 42.31 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 79.41 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 56.67 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 57.22 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 82.85 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 68.40 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 72.18 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 79.26 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 88.01 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 95 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 91.43 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 93 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 12.22 Lakhs
Debt FY12/13 Rs 5.2 Lakhs Rs 20.30 Lakhs
Debt FY13/14 Rs 5.6 Lakhs Rs 28.60 Lakhs
Debt FY14/15 Rs 6.1 Lakhs Rs 25.15 Lakhs
Debt FY15/16 Rs 6.8 Lakhs Rs 19.36 Lakhs
Debt FY16/17 Rs 7.2 Lakhs Rs 24.23 Lakhs
Debt FY17/18 Rs 8.3 Lakhs Rs 28.96 Lakhs
Debt FY18/19 Rs 7.9 Lakhs Rs 27.64 Lakhs
Debt FY19/20 Rs 9.4 Lakhs Rs 24.17 Lakhs
Debt FY20/21 Rs 9.9 Lakhs Rs 32.46 Lakhs
Debt FY21/22 Rs 10 Lakhs Rs 38.52 Lakhs
Debt FY22/23 Rs 4.7 Lakhs Rs 36.35 Lakhs
Profit to Equity(%) FY11/12 74.10 20.13%
Profit to Equity(%) FY12/13 64.83 21.22%
Profit to Equity(%) FY13/14 54.48 20.51%
Profit to Equity(%) FY14/15 11.06 18.23%
Profit to Equity(%) FY15/16 (10.69) 18.75%
Profit to Equity(%) FY16/17 4.15 17.49%
Profit to Equity(%) FY17/18 (16.74) 17.54%
Profit to Equity(%) FY18/19 1.40 18.53%
Profit to Equity(%) FY19/20 (8.05) 18.09%
Profit to Equity(%) FY20/21 6.71 16.71%
Profit to Equity(%) FY21/22 12.82 20.30%
Profit to Equity(%) FY22/23 19.49 21.18%
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 28,562.79 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 34,056.66 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 38,184.80 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 41,932.39 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 52,467.62 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 74,976.32 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 73,952.01 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 80,997 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 64,023 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 86,951.55 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 91,751.78 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 95,994 Crores

Comparison Link:

Compare Canara Bank Compare Dhan
Canara Bank Vs Punch Trade Dhan Vs Punch Trade
Canara Bank Vs BlinkX Dhan Vs BlinkX
Canara Bank Vs Lemonn Dhan Vs Lemonn
Canara Bank Vs Mandot Securities Dhan Vs Mandot Securities
Canara Bank Vs HDFC Sky Dhan Vs HDFC Sky
Canara Bank Vs Goodwill Wealth Dhan Vs Goodwill Wealth
Canara Bank Vs Shoonya by Finvasia Dhan Vs Shoonya by Finvasia
Canara Bank Vs NJ Wealth Dhan Vs NJ Wealth
Canara Bank Vs Paytm Money Dhan Vs Paytm Money
Canara Bank Vs Globe Capital Dhan Vs Globe Capital
Canara Bank Vs Finvasia Dhan Vs Finvasia
Canara Bank Vs Cholamandalam Securities Dhan Vs Cholamandalam Securities
Canara Bank Vs Axis Direct Dhan Vs Axis Direct
Canara Bank Vs Alice Blue Dhan Vs Alice Blue
Canara Bank Vs 5Paisa Dhan Vs 5Paisa
Canara Bank Vs M.stock Dhan Vs M.stock
Canara Bank Vs WisdomCapital Dhan Vs WisdomCapital
Canara Bank Vs Way2wealth Dhan Vs Way2wealth
Canara Bank Vs Ventura Securities Dhan Vs Ventura Securities
Canara Bank Vs Navia Markets Ltd Dhan Vs Navia Markets Ltd
Canara Bank Vs Tradejini Dhan Vs Tradejini
Canara Bank Vs Tata Securities Dhan Vs Tata Securities
Canara Bank Vs Swastika Investmart Dhan Vs Swastika Investmart
Canara Bank Vs SMC Global Dhan Vs SMC Global
Canara Bank Vs SBICAP Securities Dhan Vs SBICAP Securities
Canara Bank Vs SASOnline Dhan Vs SASOnline
Canara Bank Vs Samco securities Dhan Vs Samco securities
Canara Bank Vs RK Global Dhan Vs RK Global
Canara Bank Vs Reliance Securities Dhan Vs Reliance Securities
Canara Bank Vs Nirmal Bang Dhan Vs Nirmal Bang
Canara Bank Vs Master Trust Capital Dhan Vs Master Trust Capital
Canara Bank Vs Kotak Securities Dhan Vs Kotak Securities
Canara Bank Vs Interactive Brokers Dhan Vs Interactive Brokers
Canara Bank Vs IIFL Securities Dhan Vs IIFL Securities
Canara Bank Vs Dhani Dhan Vs Dhani
Canara Bank Vs IDBI Capital Dhan Vs IDBI Capital
Canara Bank Vs HDFC Securities Dhan Vs HDFC Securities
Canara Bank Vs Geojit Dhan Vs Geojit
Canara Bank Vs Fyers Securities Dhan Vs Fyers Securities
Canara Bank Vs Edelweiss Capital Dhan Vs Edelweiss Capital
Canara Bank Vs Easytradez Dhan Vs Easytradez
Canara Bank Vs Rupeezy Dhan Vs Rupeezy
Canara Bank Vs Anand Rathi Dhan Vs Anand Rathi
Canara Bank Vs Aditya Birla Money Dhan Vs Aditya Birla Money
Canara Bank Vs Achiievers Dhan Vs Achiievers
Canara Bank Vs Angel One Dhan Vs Angel One
Canara Bank Vs Motilal Oswal Dhan Vs Motilal Oswal
Canara Bank Vs ICICI Direct Dhan Vs ICICI Direct
Canara Bank Vs Sharekhan Dhan Vs Sharekhan
Canara Bank Vs Groww Dhan Vs Groww
Canara Bank Vs Tradesmart Online Dhan Vs Tradesmart Online
Canara Bank Vs Upstox Dhan Vs Upstox
Canara Bank Vs Zerodha Dhan Vs Zerodha

Frequently Asked Questions

Is Canara Bank better than Dhan ?

Canara Bank and Dhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Dhan better than Canara Bank ?

Canara Bank and Dhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than Dhan ?

Canara Bank and Dhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Dhan cheaper than Canara Bank ?

Canara Bank and Dhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. Dhan ?

To find out the better of the two stockbrokers Canara Bank and Dhan, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.